Defence Bank

Cash Management Account

Defence Bank commenced operations in March 1975 as Defence Force Credit Union Limited (Defcredit) before changing its name to Defence Bank in 2012. Its original charter was to assist Australian Defence Force personnel manage their money at a cost that is fair and equitable.
Unlike many other financial institutions, Defence Bank doesn’t exist to make profits for shareholders. We’re here to focus on your financial needs, rather than being driven to make profits for shareholders. We re-invest our profits back into the bank to make sure we give you the service and competitive products you deserve.
Today, Defence Bank offers financial products and services to not only the Defence Force, but the broader community as well. With more than 85,000 members and more than $1.3 billion in assets under management, Defence Bank is one of Australia’s larger member-owned banks.
Defence Bank carries a full range of products include the popular home loans, personal loans, savings accounts, term deposits and transaction accounts.

Company Defence Bank
Average Fees Electronic Transactor
Average Fees High Transactor
Average Fees Low Transactor
Monthly Account Fees $0
Free Transaction Allocation N/A
Base Rebate N/A
ATM Withdrawal Fee N/A
Advertised Rate 0.25%
Minimum Deposit $1,000
EFTPOS Transaction Fee N/A
Cheque Deposit Fee $0
Star Rating Electronic Transactor Not Rated
Star Rating High Transactor Not Rated
Star Rating Low Transactor Not Rated

Product Features

A debit card allows you to purchase items on credit once you have spent the funds in your transaction account.
Does this account allow transactions via an ATM?
Does this account allow transactions via an EFTPOS facility?
Whether this account offers a facility to pay bills using Bpay?
If this account allows transactions online
Whether this account offers access to telephone banking
Whether a cheque book is offered with this account
If this account allows you to process transactions at a branch
If this account allows you to directly deposit your salary

Average fees based on a scenario averaging 25 transactions per month through electronic methods such as ATM, phone and internet.

Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Read our detailed disclosure here.

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